Tag archives: crypto assets

South Africa: new rules for advertising crypto asset

By Nerushka Bowan on January 30, 2023 Posted in General

The South African self-regulatory body, the Advertising Regulatory Board (ARB) updated its Code of Advertising Practice to include a new section dealing with crypto assets (Clause 17 in Section III). Crypto asset advertisements must: Crypto asset advertisements should not: The aim of these rules are to prevent consumers from being misled when dealing with crypto … Continue reading

Regulation on Crypto Assets – Part 2

By Desiree Reddy (ZA) on October 20, 2022 Posted in Finance

Following on from our earlier blog on the declaration of crypto assets as financial products under the FAIS Act (the Declaration) we have received numerous queries on the transitional arrangements relevant to the new licensing regime, and the impact of the Declaration on crypto asset derivatives. Transitional arrangements Specific concerns have been raised regarding whether … Continue reading

Crypto Asset Exemption

By Shawn Barnett (ZA) and Hishaam Khan on October 20, 2022 Posted in Finance

With the declaration of crypto assets as a financial product, providers of crypto assets are left wondering whether they need to register as a financial service provider under the Financial Advisory and Intermediary Services Act, 2002. Following an exemption published by the Financial Sector Conduct Authority, a person who provides a financial service in relation … Continue reading

Regulation of crypto assets at the door: A further step following the declaration of crypto assets

By Desiree Reddy (ZA) and Ntokozo Ngubane on October 22, 2021 Posted in Finance

In a draft declaration issued on 20 November 2020, the FSCA proposed to include crypto assets as a category of financial product under the Financial Advisory and Intermediary Services Act, 2002 (“FAIS”). We wrote about this previously, here. Speaking to the draft declaration in a September 2021 media briefing, Ms Olaotse Matshane, Chairperson of the … Continue reading